Symbolic Developments, the real estate division of Speedex Group, said it has closed 2025 as its most transformative year yet, mainly driven by rapid delivery, solid investor performance and an expanding community footprint.
Nabni Developments has officially begun work on its newest residential project - Nabni Avenue 7 - located in Dubai’s Al Furjan district. Due for handover in August 2027, the 12-storey mid-rise building features 166 apartments with a mix of one- to three-bedroom units.
Metito Utilities has announced that its consortium - with key partners Etihad Water and Electricity (EtihadWE), and SkyBridge - has secured the contract for the development of the Hadda Independent Sewage Treatment Plant (ISTP) project in the Makkah Province.
TownX, one of Dubai’s fastest-growing real estate developers, has announced a significant milestone in the construction of its flagship development Ashley Hills located in the heart of Arjan community with over 40% project work already completed.
Union Properties has officially broken ground on its flagship AED2 billion ($544 million) project - Mirdad - being set up in Dubai Motor City. Spanning 356,931 sq ft, it will feature a total of 1,087 residential units along with premium amenities.
Dubai-based Mashriq Elite Real Estate Developments has broken ground on its fifth residential project - Floarea Skies - in Jumeirah Village Circle (JVC). The 23-floor development will feature 192 residences with a mix of studios, one and two-bedroom units.
Aldar, a leading developer in the region, has reported a nine-month net profit before tax of AED6.8 billion ($1.85 billion), up 43% year-on-year (YoY), while net profit after tax rose 30% YoY to AED6 billion ($1.633 billion).
Omani authorities have announced the launch of a tender for the construction of a 30.8-km-long road network within the Special Economic Zone at Duqm (Sezad). The project covers several residential areas and the light and medium industries zone across seven sub-plans.
Dubai’s Roads and Transport Authority (RTA) has announced that steady progress is being made on its Oud Maitha Road and Al Asayel Street Development Project with 60% work already completed. The scope of work includes development of four major intersections, featuring bridges and 14-km-long roads.
Parsons Corporation has secured the infrastructure lead design consultancy contract from Saudi PIF-owned New Murabba Development Company for its mega project in the kingdom. The scope of work includes provision of design and construction technical support for New Murabba project.
